Recent Milestones With Qualcomm's Commitment to Supporting Innovative Start-Ups
Qualcomm continues to be a leader in technological innovation, committed to global growth and sustainability. Together with our ecosystem partners, we create opportunities designed to promote innovation and societal advancement.
The Qualcomm® Make in Africa (QMIA) program, now in its third year, mentors early-stage startups using technologies such as 5G, Edge-AI, Compute, and IoT. This initiative offers business coaching, engineering consultation, hardware platforms, and intellectual property guidance to help startups scale their impact and drive technological progress across Africa.
QMIA leverages the energy and creativity emerging from Africa's tech scene. Across the continent, there is a growing wave of entrepreneurship fueled by technological advancements, increased internet penetration, and a young generation eager to drive change.
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It won't surprise you to hear from me that where the stock moves on any given day is not not much of a concern. I think when with the benefit of time, what folks will do when they look back at the second quarter of 2025, is they'll understand that this was really the inflection point for the unit's turnaround. When investments in fundamental investments in in product development and velocity and relationships with our customers really started to show uh financial performance on our top line. Uh and that's mostly what this quarter was about. We we handily beat both on the top and bottom in Q2 and also guided Q3 really aggressively for renewed growth in our advertising business. So in general, we're feeling really terrific. Matt, in terms of those creation tools that you're offering folks, how much do those tools uh cost, Matt? And how much pricing leverage do you have? Could you could you charge more? Yeah, the the vast majority of the of the folks who use Unity pay nothing because we uh invest very much in the support of our broader community so that people can learn to use Unity, so that they can create freely, uh and they can invest their time and creative energies with us. At the high end, large corporate customers who are operating significant businesses with Unity, um do pay uh substantial sums for unity. And um I so we think we've we've priced the of offering fairly. Um, we did have a price increase um earlier this year and uh it seems to be being tolerated and embraced uh really well by customers. So we think we're in a pretty good place. Um, that's and that's sort of how we feel about it. In terms of the you have this new AI powered ad platform, Matt, called Vector. Can you walk us through that product, what it means for your business and the customers and and how you think it it compares and contrasts with what what what uh the competition offers? 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